Gen H has made rate cuts of 25 basis points to its 85% and 90% LTV two-year rates.

The lender also made tweaks across the broader range. These include rate reductions of 6bps on two-year rates at 70% to 80% LTV and decreases of 25bps on two-year rates at 85% to 90% LTV.

Meanwhile, the lender has increased prices by 14bps on two-year rates at 60% LTV, by 10bps on three-year rates and 5bps on five-year rates up to 80% LTV.

The new rates are already available to brokers on Gen H’s panel.

Meanwhile, Perenna has expanded its product suite with the launch of a five-year fixed rate mortgage product.

The new products will be available exclusively through brokers from 11 December, with rates starting at 4.68% for a five-year fixed purchase at 60% LTV, with a £995 fee.

Perenna co-founder and chief operating officer Colin Bell comments: “Perenna is committed to delivering flexible, secure mortgage options in a market that has struggled to give borrowers what they really need – long-term financial stability without sacrificing flexibility.”

“Our new five-year fixed is a direct response to broker and customer demand, and the team has worked hard to bring a solution to underserved segments who need certainty and choice.”

The announcement follows the rollout of Perenna’s seven-, 10-, and 15-year fixed rate products.